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Acquisition to Position PTC as CAD and PLM Industry Transitions to Software-as-a-Service (SaaS)

Siemens is planning the acquisition of Edge technology from the US company Pixeom. With this action, Siemens is strengthening its Industrial Edge portfolio by adding software components for Edge runtime and for device management.

Manufacturing should expand in the first half of 2020, including increased revenue for companies, the Institute for Supply Management said this week in a semi-annual forecast.

Machine tool orders posted a small gain in October, helped by a boost from machine shops and the auto industry, according to a monthly report.

VeriTX Corp. announced today an agreement to license Moog Inc.’s VeriPart process which enables high integrity supply chain solutions.

Manufacturers of all sizes see an uptick in productivity after adding a factory within a factory via an automated machining cell. The cells are small-scale, clearly defined production units, often for a family of similar parts or a product, and they typically include a robotic arm and one or more machine tools. These can include horizontal and vertical lathes, machining centers and grinders. The cell may also include a conveyor component.

Put the paper and pencil away. Hybrid data management and analysis systems-where users combine paper tracking with computer processing-are no longer meeting the needs of manufacturers for speed, accuracy, traceability and compliance with regulations.

Industrial robots are becoming easier to program, more versatile, more cost-effective, more accurate and more mobile. These changes are lowering barriers to entry, shortening return on investment and making robots a more practical investment.

With an influx of investment in digital factories, the playing field is changing and the ROI for digitizing production is becoming ever more apparent. However, restraints, such as company size and a disconnect between IT and OT, means the road to a successful digital transformation is one very few will be able to do alone.

Cloud technology presents manufacturers with opportunities to improve the flexibility, scalability and efficiency of their operations. Realizing these benefits will require more than simply doing a one-to-one transfer of current technology to cloud-based servers.